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Agreed, for most products, but not for petrol. When prices got to $ 1.50 plus, I saw no appreciable evidence of people's personal habits changing to any great extent. They wore the extra cost and cut back in other discretionary areas. I believe because they are inherently loathe to change...

Having worked in the oil industry, on the receiving end of that money, it is pleasing to know that, despite how little you had at that time of your life, you were still prepared to pay cash upfront for our product. Sounds to me like if the price of the product was doubled, you still would...